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Tuesday, August 23, 2011

Jim Cramer -- Mad Money -- Killdeer, ND -- Bakken, North Dakota, USA

Wednesday.

Link here.

9 comments:

  1. That's great. As they say, there is no such thing as bad pr. :)

    Any idea why they decided to park the truck at kildeer?

    I hope they skip the obligatory man on the street interview in the small town and focus on the investment aspects of the story.

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  2. I think when you see the show, you will see why. If I wasn't traveling I would provide a stand-alone post explaining the reason Killdeer was selected, but it will be evident as soon as the show opens.

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  3. I don't know if he will mention it, but the EPA selected only one site to test fracking effect on oil wells and drinking water (all other sites were natural gas sites) and that single site was Killdeer. I have a stand-alone post on that.

    I'm doing this from memory, so it's possible there are other oil sites, but I don't think so. The list was essentially all natural gas sites except one oil site and that was Killdeer.

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  4. Two of the best Bakken fields, the Cabernet and the Fayette, are just south of Killdeer, if I remember correctly.

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  5. Marcellus

    http://www.usgs.gov/newsroom/article.asp?ID=2893

    anon 1

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  6. Speaking of the EPA, a couple of days ago I saw a rebroadcast of congressional hearing on the Yellowstone River pipeline spill that occurred this spring.

    One month after the spill the the river was still very high but little evidence ofthe 1,000 barrel spill except in river debris piles. I suspect that it was detectable but relatively low.

    One person who was affected had twenty acres of land a bit downstream that flooded. He described a heavy petroleum smell for a couple of days. The pipeline company had people out right away and found the family a motel to stay at the same day. The pipeline company also arranged for their four horses, arranged replacement hay and installed an electric fence to keep livestock away from the area the had been flooded with oil spill water.

    The owner testified that the fumes went down in a couple of days. The pipeline reps took numerous soil samples.

    In contrast the EPA was out one time with the media in tow and took one sample. The EPA had no feedback or followup.

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  7. Typical. Thank you for taking time to comment.

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  8. Look at "anon 1" comment above. Go to the link. This is huge:

    The Marcellus Shale contains about 84 trillion cubic feet of undiscovered, technically recoverable natural gas and 3.4 billion barrels of undiscovered, technically recoverable natural gas liquids according to a new assessment by the U. S. Geological Survey (USGS).

    These gas estimates are significantly more than the last USGS assessment of the Marcellus Shale in the Appalachian Basin in 2002, which estimated a mean of about 2 trillion cubic feet of gas (TCF) and 0.01 billion barrels of natural gas liquids.

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  9. Continental has a number of eco pads producing in the Killdeer area. Harold Hamm wants the public educated as to the potential of the Bakken to encourage investment in infrastructure. I suspect a link between Hamm and Cramer with this effort.

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